Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Deere & Company (NYSE:DE) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,184 shares of the industrial products company’s stock after purchasing an additional 10,478 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Deere & were worth $7,685,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of DE. Guardian Life Insurance Co. of America grew its holdings in Deere & by 1.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares in the last quarter. Arrow Financial Corp lifted its holdings in shares of Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after buying an additional 50 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Deere & by 26.2% during the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 241 shares during the last quarter. Endurance Wealth Management Inc. boosted its position in shares of Deere & by 2.2% during the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 30 shares during the last quarter. Finally, Reilly Financial Advisors LLC increased its holdings in Deere & by 18.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,284 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.
A number of research firms recently commented on DE. Argus reiterated a “buy” rating and issued a $140.00 target price on shares of Deere & in a research report on Tuesday, August 22nd. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Deere & from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Credit Suisse Group lowered shares of Deere & from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation downgraded shares of Deere & from a “buy” rating to a “neutral” rating and set a $145.00 target price on the stock. in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. Deere & has an average rating of “Hold” and an average price target of $127.58.
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Deere & Company (NYSE:DE) opened at 125.59 on Monday. Deere & Company has a 1-year low of $84.18 and a 1-year high of $132.50. The company has a market capitalization of $40.35 billion, a P/E ratio of 20.86 and a beta of 0.70. The stock’s 50 day moving average is $121.41 and its 200-day moving average is $118.58.
Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business posted $1.55 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts expect that Deere & Company will post $6.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 28th. Deere &’s payout ratio is 40.20%.
In other Deere & news, insider Jean H. Gilles sold 8,015 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.99, for a total value of $1,041,869.85. Following the sale, the insider now directly owns 70,635 shares of the company’s stock, valued at $9,181,843.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pentz Markwart Von sold 46,457 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the transaction, the insider now directly owns 47,165 shares of the company’s stock, valued at approximately $5,506,042.10. The disclosure for this sale can be found here. Insiders have sold a total of 93,928 shares of company stock worth $11,379,013 over the last quarter. Insiders own 0.85% of the company’s stock.
Deere & Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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